CNBC Delivering Alpha Conference: Marty Whitman Long POSCO

Marty Whitman, who is the founder, Co-Chief Investment Officer, and Portfolio Manager of the Third Avenue Value Fund, told the audience at the CNBC Delivering Alpha Conference today that he is long shares of POSCO PKX. The stock is currently trading down 1.38% to $93.42, but has moved well off of its lows in the last couple of hours. The shares trade at a trailing P/E of 7.51, a forward multiple of 7.17 and a PEG ratio of 0.95. Year-to-date, PKX has lost 13.28. The company is a steel producer based in Korea.